The Minister of Works, David Umahi, has called for a meeting with cement manufacturers on Monday to discuss the issue of over the increasing costs of cement.

In a statement issued by the Special Adviser to the Minister, Edward Uchenna Orji, it was highlighted that the Minister is concerned about the rising price of cement, especially considering the significant demand from road and housing contractors to cement manufacturers.

Those invited to the urgent meeting include Dangote Plc, BUA Plc, Larfarge and the other manufacturers.

The Minister was quoted as saying that “It is common knowledge that the manufacturers have their challenges, which we shall look into, but from our findings, the disparity between ex-factory price and the market price is wide.

“We therefore need to look into the situation and other issues with a view to finding a common front”

Caramia2020:
Most artisan will suffer hunger because building of houses will reduce.

AqualinaXYZ:
Meet them over what?



Meet Dangote that wants Nigeria to keep failing so he will keep rising




When yakgave him monopoly power what do you expect

Chummynoni:
i don abandon mine till whenever. The most important thing now is surviving this tinubulation.

AnonPoet:

https://dailypost.ng/2024/02/17/rising-cost-of-cement-minister-summons-manufacturers/

The President-elect said he would work with the Central Bank of Nigeria (CBN) to bring down the exchange rate to N200 in his first term.

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years,” Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp

ambale:
An only El rufai get small sense from the past governors, he saw the disaster ahead and japa

Now you want go beg cement producer to start selling at loss abi?

blazesam:
English cut short. FG try your possible best to provide enough power in the country. Nobody will dare add prices on goods like this.

Most times if you are not prepared for something and you venture into it, you fumble eventually. Tinubu forced his way in and now, there is no agenda to reconcile the rising cost in the country. It is well

I always wish Osibanjo was my president. Let he come in the second tenure

Wainey:
Dangote cannot rise if Nigeria is failing, most of his investments are in Nigeria and spread to other African countries.

Dangote doesn't talk much but before the recession, Dangote complained that Nigeria should quickly diversify her economy, he said it like three times before recession came